No, campaign donations are not tax deductible. Contributions to political campaigns are considered non-deductible expenses by ...

As the 2024 tax season approaches, it's crucial for U.S. taxpayers to prepare their documents and understand the timeline for ...

At a minimum, prepare a list from memory of the improvements you made, including the year and the approximate cost.

This system for naming and storing all the paperwork you need to prepare your taxes is easy, and you don't have to follow it ...

The IRS recently announced that it will begin accepting 2024 tax returns Jan. 27, and the filing deadline will be April 15.

A longtime effort to make tax breaks more generous for victims of natural disasters is finally coming to fruition just as wildfire victims are staring at billions of dollars in devastation around Los ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

Every year the IRS National Taxpayer Advocate Service (TAS) issues its Annual Report to Congress that discusses the ten most serious issues ...

The IRS has announced that the 2025 tax season will officially kick off on January 27. Taxpayers can begin filing their 2024 ...

The following summarizes some of the available tax relief procedures for taxpayers affected by the Palisades, Eaton, Hurst, ...

The filing window for this season's taxes is right around the corner: Jan. 27. You still have time before the 2025 tax filing deadline, but it's never too early to put Tax Day on your radar. Here are ...

(CNN)– If you buy and sell digital assets like Bitcoin, listen up. Your transactions this year will be reported to the IRS for the first time. A new form 1099DA must be included on your 2025 income ...